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Fly News Breaks for April 28, 2015
SAAS
Apr 28, 2015 | 07:40 EDT
Oppenheimer expects inContact to report strong bookings and good overall Q1 results, although it adds that the company's March convertible debt offering wil cause EPS estimates to fall. The firm is more confident in the company's outlook due to what its sees as inContact's differentiated positioning, along with lingering competitor product transition challenges, and faster cloud trends. The firm believes that the stock does not adequately reflect the company's growth outlook, and it reiterates an Outperform rating.
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